Yahoo sweeps out CEO tainted by inaccurate bio

Yahoo has confirmed that Thompson's resume contains misleading information about his education.An activist investor is demanding thatYahoo Inc.fire its new chief executive, Scott Thompson, after the Internet company confirmed that his resume contained misleading information about his education.

Yahoo! CEO Scott Thompson is expected to step down from his post following the controversy surrounding his allegedly inflated resume, in the latest blow to the struggling Internet giant, a leading industry website reported Sunday.The All Things Digital website reported that Thompson's imminent departure marks "what will be a dramatic end to a controversy over a fake computer science degree that he had on his bio," and cited "multiple sources close to the situation."

By Stock Croc:Yahoo (YHOO) has been in the news quite a bit over the past few months as the company attempts to take several steps to regain its financial footing. One of the most recent efforts involves the company trying to fend off criticism from not firing its CEO for lying on his resume.